Nearly 200 attendees joined the grand opening celebration, including executives from Mitsubishi Nichiyu Forklift Co. Ltd., MCFA and Jungheinrich AG, as well as ICOTEX employees, town officials and other key colleagues and supporters. The event included a ribbon-cutting ceremony and facility tours, showcasing ICOTEX's new state-of-the-art equipment used in the manufacturing process. The factory's capabilities include plasma cutting, bending, machining, welding, powder coating and more.

ICOTEX is projected to employ approximately 80 people in the future, including manufacturing and office personnel. The facility will produce forklift components, which will be supplied to MCFA for use in MCFA's Houston manufacturing plant.

“The inauguration of our new ICOTEX facility is a significant milestone for both MCFA and Jungheinrich,” said Reinhild Kuehne, president of ICOTEX. “Both businesses have a long history of continuous improvement and customer focus along with a strong business relationship. This new facility will allow us to continue to deliver high-quality components while improving forklift manufacturing lead times for our customers.”

The benefit is an uninterrupted supply of forklift components, and therefore faster production and delivery of forklifts built on MCFA's Houston campus, just 50 miles from ICOTEX's factory in Conroe.

About Mitsubishi Caterpillar Forklift America Inc. (MCFA)

Manufacturer of High-Quality Material Handling EquipmentMitsubishi Caterpillar Forklift America Inc. (MCFA) is a leading manufacturer of high-quality forklifts and warehouse products in North, Central and South America and the Caribbean. Based in Houston, Texas, the company distributes three distinct brands – Mitsubishi forklift trucks, Cat® lift trucks and Jungheinrich® warehouse products - through its extensive dealer network. All products are backed by industry-leading customer service and superior product support. For more information about MCFA or any of its brands, visit Mitsubishi Caterpillar Forklift America, Cat Lift Trucks, Mitsubishi Forklift Trucks or Jungheinrich Forklifts.

About Jungheinrich

Established in 1953, Jungheinrich ranks among the world's leading intralogistics companies. Drawing on a balanced portfolio of material handling equipment, logistics systems and services, Jungheinrich offers its customers comprehensive solutions from a one-stop shop.

Headquartered in Hamburg, Germany, the Group has a global presence in 36 countries via direct sales companies and in another 70 countries through partner firms. Jungheinrich has more than 15,000 employees on its payroll worldwide and generated 2.75 billion euros in net sales in 2015. The Jungheinrich share is included in the MDAX.